Disney Finding It's Place In The Market
Historical Performance: Over the years, Disney's stock has shown long-term growth and has been considered a stable investment for many shareholders. However, it's important to note that past performance is not indicative of future results, and the stock market can be subject to fluctuations and risks.
With all of its attractions and streaming products disney will be here for a while and I do think looking at it short term it's been consolidation quite abit at these levels.
On the visible rang volume profile it shows on the 4 hr chart it show consolidation levels at 88.46 - 89.19 and 91.68 - 92.81. If disney falls under 88.46 if could possibly test 87.34 again.
It also shows point of control at $92.25. which means it there's a lot of buying pressure at that level.
It has a huge gap to fill starting at $95.10 all the way up to 96.61. That leads me up to the earnings. The cause for that drop came from a missed earnings which out of the last 6 they missed 3 and beat 3 every other one. If were being optimistic since they missed the last one they should beat this earnings coming up bases off pattern. But, Of course a lot of other things play into their financials.
Looking for a run up prior to earnings to at least mid 90s if it cant break these consolidation zone.
I do think this is more of a long term hold. Next resistance after gap fills we should see disney at the $100 levels.
Trade Responsible,
#TradeTheWave
With all of its attractions and streaming products disney will be here for a while and I do think looking at it short term it's been consolidation quite abit at these levels.
On the visible rang volume profile it shows on the 4 hr chart it show consolidation levels at 88.46 - 89.19 and 91.68 - 92.81. If disney falls under 88.46 if could possibly test 87.34 again.
It also shows point of control at $92.25. which means it there's a lot of buying pressure at that level.
It has a huge gap to fill starting at $95.10 all the way up to 96.61. That leads me up to the earnings. The cause for that drop came from a missed earnings which out of the last 6 they missed 3 and beat 3 every other one. If were being optimistic since they missed the last one they should beat this earnings coming up bases off pattern. But, Of course a lot of other things play into their financials.
Looking for a run up prior to earnings to at least mid 90s if it cant break these consolidation zone.
I do think this is more of a long term hold. Next resistance after gap fills we should see disney at the $100 levels.
Trade Responsible,
#TradeTheWave
Trade active:
Disney falling under support leaves a better entry towards earnings. 🏄🏽♂️🌊